Month: June 2025
Are You Ready for the Great Wealth Transfer?
Over the next two decades, Baby Boomers are expected to pass down more than $84 trillion, making it the largest wealth transfer in U.S. history. For many families, this inheritance represents a life-changing opportunity, but it also comes with important financial challenges. Navigating an Inheritance: What to Do First Before making any decisions, take time to process your loss. Once you’re ready, gather all key legal and financial documents such as wills, trusts, account statements, and property titles. Not all assets are taxed or distributed the same, so understanding what you’ve inherited is essential. For example, an inherited IRA from a non-spouse falls under the SECURE Act and must be emptied within 10 years of the original owner’s death. If a trust is named a beneficiary, the tax bill can hit faster, so it’s important to establish that quickly. A taxable brokerage account is simpler because you get a step-up in basis to the date-of-death value, meaning little or no capital-gains tax if you sell soon. Non-qualified annuities are trickier. Earnings come out first and are taxed as ordinary income, and most contracts force you to cash out within five years or start lifetime payouts. Common Inheritance Mistakes to Avoid Without careful estate planning, it’s easy to make costly mistakes. One example is naming a trust as a contingent IRA beneficiary without understanding the tax implications. Another is leaving an IRA to one person and expe
Debt Downgrade Drama and the Budget
Our team employs external financial research from many different economists, analysts and research firms. This research provides valuable input into how we actively monitor and manage your portfolio. Periodically, we share this research with you in addition to our own analysis and market commentary. Linked below is a piece from Brian Westbury at First Trust about the timely topics of the recent U.S. debt downgrade by Moody’s, and what it all means in relation to the U.S. fiscal situation. In our view, the current fiscal situation calls for both spending cuts and policies to spur economic growth and efficiency. We think Congress will eventually figure this out over the coming years, but the bond market may have to push them first. Enjoy the analysis from First Trust, and thanks for your confidence in our team at Lineweaver! Please click here to
How the Three Tax Buckets Can Help You Reduce Your Tax Bill
By Mark Sipos, LFG Tax Director When it comes to building a smart financial strategy, understanding how your income is taxed is just as important as how you invest it. That’s where the concept of the three tax buckets comes in — a helpful framework used in tax-efficient investing and retirement planning to help you minimize your tax burden and maximize your income. The first tax bucket is ordinary income, which includes your wages, pensions, Social Security, and interest from CDs, high-yield savings accounts, and money market accounts. These income sources are taxed at your marginal income tax rate, meaning the more you earn, the more tax you pay. Many people don't realize that interest income stacks on top of other income, potentially pushing them into higher brackets. That’s why understanding after-tax returns is critical when evaluating fixed-income investments. The second bucket is for capital gains and qualified dividends. This includes gains from selling stocks, ETFs, mutual funds, and real estate. Short-term capital gains (assets held under a year) are taxed at your ordinary income rate. Long-term capital gains (held for a year or more) are taxed at more favorable rates — 0%, 15%, or 20% depending on your income. Many married couples can earn over $100,000 and still pay 0% capital gains tax, thanks to the standard deduction. This makes capital gains a key part of any tax planning strategy. The third bucket is the tax-free income bu
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Case studies are intended to illustrate the types of financial issues faced by actual clients. They should not be construed as a testimonial for or endorsement of Lineweaver Wealth Advisors. They do not represent the experience of any advisory client. Each client’s situation is different, and their goals may not always be achieved. Lineweaver Wealth Advisors, LLC, is not engaged in the practice of law or accounting. Tax information provided is general in nature and should not be construed as legal or tax advice. Always consult an attorney or tax professional regarding your specific legal or tax situation. Tax rules and regulations are subject to change at any time.
Crain's Cleveland Business is a print and online newspaper delivering local business news and information to Cleveland's business executives, which is published by Crain Communications Inc. The Crain's list may employ different methodology than described above for similar designations granted in other years. No clients were consulted and no fees were paid to determine the winners; the award is based on assets under management. Neither the participating candidates nor their employees pay a fee in exchange for inclusion on Crain's List. However, recipients may pay a fee to Crain, an affiliate, or an unaffiliated third party in exchange for plaques or article reprints commemorating the designation. The publication should not be construed by a client or prospective client as a guarantee that they will experience a certain level of results if the recipient is engaged, or continues to be engaged, to provide investment advisory services; and should not be construed as a current or past endorsement of the recipient by any of its clients. In 2025, 2024, 2020 and 2019 Lineweaver Wealth Advisors (“LWA”) was ranked in the Top 25 of Crain’s of Cleveland’s annual list of Registered Investment Advisors. In 2023, LWA was ranked in the Top 15 of Crain’s of Cleveland’s annual list of Registered Investment Advisors. In 2021 and 2022, LWA was ranked in the Top 20 of Crain’s of Cleveland’s annual list of Registered Investment Advisors. For all years the awards were based on assets under management.
Nominees in the Top 100 Magazine selections are not required to pay a fee for consideration. Individuals appearing in half and full page editorials, have paid a fee for additional exposure. Candidates for consideration are selected utilizing proprietary software. Top 100 Magazine analyzes the results before making their final selections. Financial Professionals and/or wealth managers must also met the following criteria; 1. Be registered with the SEC as a registered investment advisor or a registered investment advisor representative; 2. Have no more than 1 filed complaint with a regulatory agency; 3.Never been convicted of a felony. Third-party rankings and recognitions are no guarantee of future investment success and do not ensure that a client or prospective client will experience a higher level of performance or results. These ratings should not be construed as an endorsement of the Financial Professional by any client nor are they representative of any one client's evaluation. Participants for the Top 100 in Finance appearance were reviewed in 2022, and recognized in March of 2023. Lineweaver Financial Group appeared in Money magazine in 2015, Fortune Magazine in 2016, WTAM 1100 in 2018, Forbes in 2020, Channel 5 in 2020, and Top 100 in Finance in 2023.
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